Profit from ‘junk’ : Re-commerce firm ReGlobe buys electronic products you no longer have use for

Did you know, the mobile handset you stopped using a year back could fetch you a tidy sum. To find out how much, all you need is access to the Internet. ReGlobe, a re-commerce start-up, that made its Web debut in March 2013, pays you for parting with your old/used electronic gadgets.

Sellers can calculate the worth of their gadgets by answering a few objective questions— model number, defects in the device, and its physical condition. Based on this information, the company arranges for the pick-up of the device and pays the seller in cash or via a bank transfer. The local professional buyers, who work with ReGlobe, refurbish these devices and then sell them in the second-hand market.